This is to inform to the Stock Exchange that Annual General Meeting of the Company will be held on Tuesday, 30th September,2025
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Awaiting price reaction for this filing.
Bizotic Commercial Ltd has called its 9th AGM on 30th September 2025 at 3:00 PM via video conferencing, along with the Annual Report for FY 2024-25. The company, which runs men's apparel brands URBAN UNITED and YARD with 25+ retail outlets, has flagged 'robust revenue growth' in the chairman's message. Key business items include increasing authorised share capital from Rs. 9 crore to Rs. 11.27 crore. The biggest move is a fundraising drive: a preferential issue of 7,68,000 equity shares to non-promoter entities at Rs. 290 each (raising ~Rs. 22.27 crore) and 24,55,200 convertible warrants to the promoter and promoter group at the same Rs. 290 price, which could bring in up to ~Rs. 71.20 crore more if fully converted within 18 months. The company also proposes appointing M/s. J. Singh & Associates as statutory auditors for 5 years and CS Jinang Shah as secretarial auditor for 5 years.
Total potential fundraising is around Rs. 93.47 crore (Rs. 22.27 cr from non-promoter shares + Rs. 71.20 cr from promoter warrants if converted), to be used for working capital and store setup. Shareholders should note potential dilution from the new shares and warrants, though promoter participation signals promoter confidence. Existing investors will vote on these resolutions at the AGM.